TTD 2/22/2022
Updated
TTD
TTD was a covid champion
It saw its continuation of its uptrend start Back in April 2020 where price went from 23.00 to a high of 97.00.
The trend from there weakened and price pulled back as low as 46.00.
Price looks to have found support @ 56.00.
In June 2021, price managed to bounce off this support level and reach all-time highs at 111.
Price was unable to hold and came back tumbling down to support.
Price bounce off support with the pullback looking like a bear flag.
Price is also rejecting both the 50 and 200 emas
Price is also rejecting the 0.382fib level.
We also have multiple inverted hammers at this resistance level. This is my que to enter
Entry: 74.80
Stop loss: 82.16
Target: 56.13 – 25.06% RR ratio 2.59
TTD was a covid champion
It saw its continuation of its uptrend start Back in April 2020 where price went from 23.00 to a high of 97.00.
The trend from there weakened and price pulled back as low as 46.00.
Price looks to have found support @ 56.00.
In June 2021, price managed to bounce off this support level and reach all-time highs at 111.
Price was unable to hold and came back tumbling down to support.
Price bounce off support with the pullback looking like a bear flag.
Price is also rejecting both the 50 and 200 emas
Price is also rejecting the 0.382fib level.
We also have multiple inverted hammers at this resistance level. This is my que to enter
Entry: 74.80
Stop loss: 82.16
Target: 56.13 – 25.06% RR ratio 2.59
Trade closed: target reached
Trade was not closed at stop loss. Exit: 56.13- 25.06%
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